Tag Archives: cause of business failure

Some reasons why businesses fail miserably

Because there are very few good jobs, many Veterans are turning to building their own business. They
have several opportunities…such as franchises, direct product marketing, offering service to existing businesses, even buying an established business where the owner is ready to retire…

Whatever way you decide to go, you’ll want to understand why a business can fail.

Through the years we observe businesses who start out with a lot off fanfare and excitement and then within a couple of years you are unable to find the slightest sign that business ever existed. This is often the fate of as many as 70% of businesses, who will simply never go on to become well-established and successful.

When the statistics are properly analyzed a very interesting picture emerges….

Businesses which have not made it, and who have fallen by the wayside have one thing quickly apparent. The fact is they often lacked a compelling vision or the one which they had was simply insufficient to be sufficiently motivating. The moment problems arose they simply lacked the drive to press on until success is achieved. Solomon wrote; without a vision the people perish>

It has been seen over and over again throughout history….to avoid failure don’t give up on your dream. Keep you vision in front of you and your employees all the time. Change with market changes, but don’t give up….

What is Your Carrot

All people and businesses need to have that carrot, which is held in front of the donkey’s nose. Without a strong vision and purpose, there is no motivation and there is no drive. When the slightest bit of opposition is encountered one gives up long before their objective is achieved.

This reminds me of the tower of Babel…as long as everyone was united and shared one purpose nothing could stop them. The moment that unity was destroyed the people scattered and the vision was forgotten.

The same principle applies to every business and every person who aspires to become something greater and bigger in their lives….they need to have a picture that is bigger than themselves, and which is bigger than every obstacle and every hindrance which they may encounter.

Picture Your Success

When you have a picture in your heart of your goal; which is painted in 3D Technicolor;…and displaying an amazing future, then absolutely nothing that could come in your way would ever keep you away from achieving your objective.

Most people are never able to create that picture vividly enough, because they simply do not believe that they are worthy to achieve greatness. They simply do not believe they are valuable enough as a person.

They knew not that every single person enters this world exactly the same way, naked and defenseless, and all people exit this world the same way…..and they can take absolutely nothing with them. The truth is whatever happens to us while we are here has a lot to do with how we choose to look at those things that happen to us.

Just like the team work that makes are military personnel great, team work is important in all businesses. When you look at any business think about the team you need to build. One that has
skills, and talent you don’t have. Get a business coach and mentor with the experience to help
you avoid business errors, and if you run into a problem your mentor will know who can help you..